Fidelity Disruptive Finance ETF (NASDAQ:FDFF) Sees Significant Drop in Short Interest

Fidelity Disruptive Finance ETF (NASDAQ:FDFF) was the recipient of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 144 shares, a decline of 82.7% from the April 15th total of 834 shares. Based on an average daily trading volume, of 3,436 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Fidelity Disruptive Finance ETF Stock Down 0.9%

Fidelity Disruptive Finance ETF stock traded down $0.30 during mid-day trading on Tuesday, reaching $33.35. 1,997 shares of the company’s stock were exchanged, compared to its average volume of 3,470. The business’s fifty day simple moving average is $32.45 and its 200 day simple moving average is $34.05. Fidelity Disruptive Finance ETF has a one year low of $30.16 and a one year high of $39.15. The firm has a market capitalization of $40.02 million, a PE ratio of 24.27 and a beta of 1.18.

Fidelity Disruptive Finance ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Friday, March 20th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, March 20th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.6%. This is an increase from Fidelity Disruptive Finance ETF’s previous quarterly dividend of $0.05.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Key Capital Management INC purchased a new stake in shares of Fidelity Disruptive Finance ETF during the fourth quarter worth $25,000. Raleigh Capital Management Inc. purchased a new position in Fidelity Disruptive Finance ETF during the fourth quarter valued at approximately $39,000. Osaic Holdings Inc. increased its holdings in Fidelity Disruptive Finance ETF by 443.5% during the 2nd quarter. Osaic Holdings Inc. now owns 1,087 shares of the company’s stock worth $42,000 after acquiring an additional 887 shares during the period. Virtu Financial LLC purchased a new stake in Fidelity Disruptive Finance ETF in the 3rd quarter worth approximately $263,000. Finally, AE Wealth Management LLC lifted its stake in Fidelity Disruptive Finance ETF by 103.0% in the 3rd quarter. AE Wealth Management LLC now owns 20,224 shares of the company’s stock worth $732,000 after purchasing an additional 10,260 shares in the last quarter.

About Fidelity Disruptive Finance ETF

The Fidelity Disruptive Finance ETF (FDFF) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that invests in disruptive finance companies. These are organizations in the finance industry that are pushing for innovative developments that may significantly alter the way they deliver their products and services FDFF was launched on Apr 16, 2020 and is managed by Fidelity.